Challenge of capturing socially generated land values: principle versus practicality

Colin Jones, Mark Stephens

Research output: Contribution to journalArticlepeer-review

Abstract

This article provides a review of past attempts to harness the uplift in land values arising from granting planning permission to better understand the current difficulties of the use of land-value capture. The scheme has been the most successful approach to date, but the theoretical fundamentals are fudged and there are substantial policy variations between localities: a victory of practicality over principle. We argue that a tax on development value would be more effective whilst maintaining the principles of taxing socially generated land values.
Original languageEnglish
Pages (from-to)621–641
Number of pages21
JournalTown Planning Review
Volume91
Issue number6
DOIs
Publication statusPublished - 1 Nov 2020

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